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At the beginning of the current year, Cove Company, a closely-held entity, issued 6% bonds with a maturity value of P6,000,000, together with 10,000 ordinary shares of P50 par value, for a combined car amount of P11,000,000. If issued separately, the bonds would have sold for P4,000,000 an 8% yield to maturity basis.
Problem 1. What amount of the proceeds should be allocated to the ordinary shares? Please show solution
Problem 2. What amount should be reported for share premium on the issuance of the ordinary shares?
How much is Starwise's contribution margin? Starwise Company had the following amounts from its income statement:Sales revenue $100,000
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Prepare an incremental analysis for the 4 years showing whether Shellhammer should keep the existing machine or buy the new machine - calculate the annual rate of return for the new machine
The remaining hours are worked on a contingency basis. The lawyer wins $300,000 in settlements for his clients of which he receives half. Illustrate what does the lawyer earn during the year after expenses?
In 2013, Colin's personal residence was damaged by fire. Colin was insured for 80% of his actual loss, and he received the insurance settlement. Colin had adjusted gross income, before considering the casualty item, of $40,000. Pertinent data with re..
It is the end of 2010 and you are an accountant for the Stone Company.
Compute trend percents for the above accounts, using 2015 as the base year. Accounts receivable. Cost of goods sold. Sales $ 607,716
Describe in detail the type of substantive analytical procedures that would be used for these account balances and why this would be an effective test
What will be the addition to retained earnings at the end of 2021. What will be the ending balance in retained earnings at the end of 2021?
Prepare the cash flows from operating activities using the indirect method-Cash Flow from operating activities
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